Zhongnan has contributed to the series B1 round, having previously backed a series A, as co-working spaces provider Mixpace prepares to expand into additional cities.

China Taiping Insurance has backed a series A round for Alisports, the sports affiliate of Alibaba that revealed the deal at the same time as its acquisition of wearables maker Ledongli.

SoftBank is putting $400m into Paytm Mall, while Alibaba is providing the remaining $45m, with the total amount falling short of the $500m to $600m the company was reportedly seeking.

The corporate has agreed to acquire Mobike, backed by Tencent, for $2.7bn.

Following reports in February, Alibaba has confirmed it will acquire the remaining shares in Ele.me, currently owned by investors such as JD.com, Tencent and Baidu.

Kabir Misra, one of the corporate's two representatives on Snapdeal's board of directors since early 2017, is stepping down.

The furniture retailer led SoftBank-backed home furnishing e-commerce and modelling platform 3vjia's $47.7m series B round.

The online entertainment platform, which counts Tencent and Legend Capital among its investors, priced its initial public offering in the middle of its range.